An Equity Linked Savings Scheme (ELSS) invests a majority of its corpus in equity and equity-related instruments and features a 3-year lock-in period. In the event that this period expires, an ELSS scheme will convert into an open-ended plan. An…
The purpose of mutual funds is to allow investors to pool their money and invest in various stocks, bonds, and other securities. The fees on mutual funds are low, they are professionally managed, and they can be purchased through a…
An investment in a mutual fund carries a moderate level of risk. The risks associated with some funds, however, are higher than those associated with others. The returns potential of these funds is also very high. It is important to…